Iceland’s Sagafilm Acquires Animation Studio GunHil

Iceland’s Sagafilm Acquires Animation Studio GunHil

Article excerpt

Iceland production company Sagafilm has acquired animation specialist GunHil Ltd., which will become a subsidiary of Sagafilm as of Jan 1.

Guðný Guðjónsdóttir, CEO of Sagafilm, will leave the company after 10 years to pursue personal endeavors. From Jan 1, Hilmar Sigurðsson, current CEO of GunHil, will become CEO of Sagafilm.

The combined company will have 40 employees. There will be no redundancies. Sigurðsson told Screen, "There is just strength coming out of the merger. Our current animation projects fit wonderfully alongside Sagafilm's projects as a new dimension. We have been working on live action as well, which also fits right into their current slate. GunHil will also benefit from Sagafilm's stronger post-production, finance, sales and marketing and can furthermore enhance the services that Sagafilm offers."

Sagafilm, established in 1978, has credits including current Netflix series CASE, documentary Last Days of the Arctic, and the local versions of MasterChef and The X Factor. The company has worked in production services on Hollywood hits such as Star Trek Into Darkness and Batman Begins. …